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← HOUSTON ACADEMY OF MEDICINE

Form 990 for tax year 2022

Filed by HOUSTON ACADEMY OF MEDICINE.

Totals

Total revenue
$9,823,746
Total expenses
$9,199,545
Contributions and grants received
$8,213,312
Grants paid
$219,777
Program service revenue
$35,501
Investment income
$1,528,603
Other revenue
$46,330
Total assets, end of year
$50,596,349
Total liabilities, end of year
$3,145,136
Net assets or fund balances, end of year
$47,451,213
Program services expenses (Part IX)
$7,992,376
Management and general expenses
$1,196,952
Fundraising expenses
$10,217
Program service expenses (Part III)
$7,992,376

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $167,845

  • 1f · All other contributions, gifts and grants

    $8,045,467

  • 2a · Program service revenue: Library Service Fees

    total $35,501 · related or exempt $35,501

  • 3 · Investment income

    total $1,094,238 · excluded $1,094,238

  • 6a · Gross rents

    real property $588,552

  • 6b · Less rental expenses

    real property $542,222

  • 6c · Rental income or loss

    real property $46,330

  • 6d · Net rental income or loss

    total $46,330 · excluded $46,330

  • 7a · Gross sales of assets other than inventory

    securities $1,634,150

  • 7b · Less cost or other basis and sales expenses

    securities $1,199,785

  • 7c · Gain or loss

    securities $434,365

  • 7d · Net gain or loss

    total $434,365 · excluded $434,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,777 · program services $219,777

  • 5 · Compensation of officers, directors and key employees

    total $354,798 · program services $280,687 · management and general $73,187 · fundraising $924

  • 7 · Other salaries and wages

    total $2,538,893 · program services $2,003,589 · management and general $528,625 · fundraising $6,679

  • 8 · Pension plan contributions

    total $146,075 · program services $106,989 · management and general $38,510 · fundraising $576

  • 9 · Other employee benefits

    total $393,740 · program services $319,504 · management and general $73,156 · fundraising $1,080

  • 10 · Payroll taxes

    total $159,522 · program services $120,236 · management and general $38,722 · fundraising $564

  • 11c · Fees: accounting

    total $87,473 · management and general $87,473

  • 11f · Fees: investment management

    total $72,028 · management and general $72,028

  • 11g · Fees: other

    total $36,436 · program services $11,763 · management and general $24,279 · fundraising $394

  • 13 · Office expenses

    total $89,935 · program services $47,753 · management and general $42,182

  • 14 · Information technology

    total $163,369 · program services $134,471 · management and general $28,898

  • 16 · Occupancy

    total $495,953 · program services $414,457 · management and general $81,496

  • 17 · Travel

    total $5,113 · program services $5,113

  • 19 · Conferences, conventions and meetings

    total $19,775 · program services $8,432 · management and general $11,343

  • 22 · Depreciation, depletion and amortization

    total $234,412 · program services $217,129 · management and general $17,283

  • 23 · Insurance

    total $70,675 · program services $51,651 · management and general $19,024

  • 24a · Other expenses: Elec. journals/database

    total $3,804,455 · program services $3,804,455

  • 24b · Other expenses: Library dev. costs

    total $189,927 · program services $189,927

  • 24c · Other expenses: Employer contributions

    total $49,000 · management and general $49,000

  • 24d · Other expenses: Education & comm. pgms

    total $31,229 · program services $26,207 · management and general $5,022

  • 24e · All other expenses

    total $36,960 · program services $30,236 · management and general $6,724

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,539,221 · end of year $3,568,324

  • 4 · Accounts receivable

    beginning of year $770,647 · end of year $286,072

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,537,479 · end of year $1,836,553

  • 10a · Land, buildings and equipment: cost or other basis

    $5,526,010

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,976,824

  • 10c · Land, buildings and equipment, net

    beginning of year $2,738,260 · end of year $2,549,186

  • 11 · Investments: publicly traded securities

    beginning of year $10,752,780 · end of year $9,722,351

  • 12 · Investments: other securities

    beginning of year $38,853,876 · end of year $32,633,863

  • 17 · Accounts payable and accrued expenses

    beginning of year $286,404 · end of year $611,894

  • 19 · Deferred revenue

    beginning of year $2,285,036 · end of year $2,484,242

  • 25 · Other liabilities

    beginning of year $0 · end of year $49,000

  • 27 · Net assets without donor restrictions

    beginning of year $51,938,607 · end of year $44,850,842

  • 28 · Net assets with donor restrictions

    beginning of year $2,682,216 · end of year $2,600,371

Mission and programs · 2022

Mission

The mission of the Houston Academy of Medicine is to support the community service, education, scientific, and charitable programs for physicians, their patients, and the community at large in Harris County.

Activities or mission (Part I)

Supports education and scientific programs for physicians, patients, and the community.

  • The Texas Medical Center Library (TMC Library) provides books, periodicals, librarian services, rare books, automated information services & photocopying. The library was open 89 hours per week during 2022. It served 75,424 visitors.

    Expenses $6,989,019 · Revenue $35,501

  • Community health and medical projects: The Academy supports the Greater Houston community by making contributions to the John P. McGovern Museum of Health and Medical Science and providing education on a variety of health-related topics including trauma safety and bike helmets. The Academy also provides support to EMS units.

    Expenses $1,003,357 · Grants $219,777

As filed on the 2022 return.

Listed in Part VII

  • Robert E Jackson MD

    President

    Total calculated
    $0
    Hours/week
    5 + 2.5 related

  • Dwane G Broussard MD

    Vice President

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Louise H Bethea MD

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Hattie E Henderson MD

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Audrey E Ahuero MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Ashok Balasubramanyam MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Lindsay K Botsford MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Avais M Chatha MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Daniel H Darmadi MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Yvonne Kew MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Shane M Magee MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Richard L Noel MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Stacy L Norrell MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Eddie L Patton Jr MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Ngoc T Pham MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Autumn L Pruette MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Deepa R Sashital MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Mina K Sinacori MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Stacy V Smith MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Stephen J Spann MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Randall A Stenoien MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Angela K Sturm MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Dexter G Turnquest MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • George W Williams II MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Alisha Y Young MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Katherine Prentice

    TMC Library ED

    Total calculated
    $180,112
    From this org
    $153,672
    From related orgs
    $0
    Other
    $26,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,061
    Bonus
    $2,900
    Other
    $711
    Deferred
    $12,755
    Nontaxable benefits
    $13,685
    Filer's total
    $180,112

  • Sean Murphy

    Executive VP/CEO

    Total calculated
    $349,374
    From this org
    $155,000
    From related orgs
    $155,000
    Other
    $39,374
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $155,000 + $155,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $8,850 + $8,850 related
    Nontaxable benefits
    $10,837 + $10,837 related
    Filer's total
    $174,687 + $174,687 related

  • Dorothy Cobbs

    TMC Library CFO

    Total calculated
    $171,045
    From this org
    $145,366
    From related orgs
    $0
    Other
    $25,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,913
    Bonus
    $2,742
    Other
    $711
    Deferred
    $12,063
    Nontaxable benefits
    $13,616
    Filer's total
    $171,045

  • Charles Njilefack

    IT Director

    Total calculated
    $146,510
    From this org
    $122,697
    From related orgs
    $0
    Other
    $23,813
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HCMS-HAM Investment Trust

    T · Hold Investment · TX · 69.32% owned · share of income $1,553,965 · share of assets $32,633,863 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303129349304825

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